{"id":44716,"date":"2021-06-21T18:01:11","date_gmt":"2021-06-21T15:01:11","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=44716"},"modified":"2025-08-31T18:18:10","modified_gmt":"2025-08-31T15:18:10","slug":"digital-currency-group-to-buy-up-to-50-million-worth-of-grayscale-ethereum-classic-trust-shares","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/digital-currency-group-to-buy-up-to-50-million-worth-of-grayscale-ethereum-classic-trust-shares\/","title":{"rendered":"Digital Currency Group to buy up to $50 million worth of Grayscale Ethereum Classic Trust shares"},"content":{"rendered":"<p>Digital Currency Group (DCG), led by Barry Silbert, announced its readiness to buy up to $50 million worth of Grayscale Ethereum Classic Trust shares.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Digital Currency Group Announces Plan to Purchase Shares of Grayscale Ethereum Classic Trust (OTCQX: <a href=\"https:\/\/twitter.com\/search?q=%24ETCG&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$ETCG<\/a>)<a href=\"https:\/\/t.co\/5tuKNTU2wu\">https:\/\/t.co\/5tuKNTU2wu<\/a><\/p>\n<p>\u2014 Barry Silbert (@BarrySilbert) <a href=\"https:\/\/twitter.com\/BarrySilbert\/status\/1406972064326639617?ref_src=twsrc%5Etfw\">June 21, 2021<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The venture firm plans to carry out the initiative on the open market.<a href=\"https:\/\/u1f987.com\/en\/news\/messari-dcg-could-be-valued-at-4-3-billion-on-ipo\"> <\/a><\/p>\n<p><a href=\"https:\/\/u1f987.com\/en\/news\/messari-dcg-could-be-valued-at-4-3-billion-on-ipo\">Grayscale is part of the DCG empire<\/a>, which Messari analysts valued at $4.3 billion in November 2020.<\/p>\n<p>The company emphasised that the purchase decision could be revisited at any time regarding both the timing and the amount, or even withdrawn.<\/p>\n<p>Management will be guided by the level of free liquidity, the price of the first cryptocurrency, and prevailing market conditions.<\/p>\n<p>Information about the purchase will be disclosed in the trust&#8217;s Form 10-K and 10-Q filings with the U.S. Securities and Exchange Commission.<\/p>\n<p>As reported, in May DCG <a href=\"https:\/\/u1f987.com\/en\/news\/digital-currency-group-lifts-planned-gbtc-purchases-to-750-million\">announced<\/a> its intention to acquire Grayscale Bitcoin Trust (GBTC) shares for up to $750 million. The figure <a href=\"https:\/\/u1f987.com\/en\/news\/digital-currency-group-to-buy-up-to-250-million-of-grayscale-bitcoin-trust-shares\">announced<\/a> in March was three times larger.<\/p>\n<p>Since February 23, GBTC <a href=\"https:\/\/u1f987.com\/en\/news\/grayscales-gbtc-discount-hits-a-record-19\">traded at a discount<\/a> to the price of the first cryptocurrency. At the time of writing it <a href=\"https:\/\/ycharts.com\/companies\/GBTC\/discount_or_premium_to_nav\">amounts to<\/a> almost 14.5%.<\/p>\n<p>Subscribe to ForkLog&#8217;s Telegram news: <a href=\"https:\/\/t.me\/forklogfeed\" target=\"_blank\" rel=\"nofollow noopener\">ForkLog Feed<\/a> \u2014 the full stream of news, <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener\">ForkLog<\/a> \u2014 the most important news, infographics and opinions<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Digital Currency Group (DCG), led by Barry Silbert, announced its readiness to buy up to $50 million worth of Grayscale Ethereum Classic Trust shares.<\/p>\n","protected":false},"author":1,"featured_media":44717,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[184,476,943,1156],"class_list":["post-44716","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-dcg","tag-ethereum-classic","tag-grayscale-investments","tag-institutional-investors-and-whales"],"aioseo_notices":[],"amp_enabled":true,"views":"25","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/44716","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=44716"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/44716\/revisions"}],"predecessor-version":[{"id":44718,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/44716\/revisions\/44718"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/44717"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=44716"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=44716"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=44716"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}